NBC Evening News for Monday, Aug 25, 1975
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(Studio) Govt. guaranteed $225 million in loans to Lockheed, if company could stay in business At same time, Lockheed was making kickbacks to foreign govts.
REPORTER: Tom Brokaw
(DC) Lockheed chairperson Dan. Haughton says payoffs not illegal under American law. [HAUGHTON - says its part of cost of winning competition.] [Senator William PROXMIRE - asks if that's a bribe.] [HAUGHTON - characterizes transaction as kickback, not bribe.] [Treasury Secretary William SIMON - says will make sure bribery won't be possible in future.] [PROXMIRE - asks if bribery conts., will federal money stop.] [SIMON - will recommend funds not continue if bribery conts.]
REPORTER: Catherine Mackin
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